Enterprise Value (EV)
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Current Enterprise Value (EV)
Mastercard Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Non-controlling interests (per books) | |
| Total equity | |
| Add: Short-term debt (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Restricted cash for litigation settlement | |
| Less: Investments | |
| Less: Restricted security deposits held for customers | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Mastercard Inc., EV calculation
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Mastercard Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Common equity (market value)
- The market value of common equity exhibits a notable upward trend from 2018 to 2019, increasing from approximately 226 billion to 343 billion US dollars. This level remains relatively stable through 2020, with a marginal decrease to about 339 billion, followed by another increase in 2021 to roughly 361 billion. A slight decline is observed in 2022, ending just below 353 billion US dollars. Overall, the market value of common equity demonstrates growth with minor fluctuations in recent years.
- Total equity
- Total equity closely mirrors the market value of common equity, starting at around 226 billion US dollars in 2018 and rising to approximately 343 billion in 2019. This trend continues with a slight dip in 2020 to about 339 billion, then increasing again to 362 billion in 2021, before a modest decline to around 353 billion in 2022. The close alignment between total equity and common equity market value suggests that equity composition remained relatively consistent over the periods analyzed.
- Total equity and debt
- The combined total of equity and debt shows a steady increment from 2018 through 2021. Beginning at roughly 233 billion US dollars in 2018, the aggregate rises to 351 billion in 2019, holding almost steady into 2020, and then climbing further to 375 billion in 2021. A decline occurs in 2022, down to approximately 367 billion US dollars. This pattern indicates an overall increase in the company's total capital structure until 2021, followed by a reduction in 2022.
- Enterprise value (EV)
- Enterprise value demonstrates a growth trajectory from 2018 to 2019, increasing from 223 billion to nearly 342 billion US dollars. A slight decrease is noted in 2020 with EV falling to approximately 339 billion, then a rebound in 2021 to 365 billion. In 2022, enterprise value slightly declines once more, reaching about 357 billion. This movement correlates with the trends seen in equity and total capital, reflecting adjustments in market perceptions and the company's valuation components over time.
- Summary
- The overall financial data indicates a period of expansion in equity and enterprise value through 2019 and 2021, with moderate contractions in 2020 and 2022. Market value of common equity and total equity are closely aligned, implying stable equity structures. The total equity and debt figures suggest incremental capital growth until 2021, followed by a pullback. Enterprise value trends parallel these findings, confirming fluctuations in company valuation that correspond with changes in equity and total capital employed.